North Sea oil and gas are more expensive to produce than many forms of green energy.
It will take longer to find and exploit new fields that it will to expand existing off shore wind farms etc.
Tory Alok Sharma
“rejects the idea that more North Sea gas would better protect the UK from any deliberate squeezing of supply by Russia. It comes after MPs who have established a ‘Net Zero Scrutiny Group’ call for the government to allow more drilling.”
The current Chancellor has said that UK production will not significantly affect the price of oil and gas.
(I suppose he was excluding the chance of Nationalisation? Y`know actually use UK oil for the UK not international shareholders of international companies?)
Why has former Shell employee Truss, supported in her campaign by ERG members, leader of a party in receipt of oil and gas funds jumped this way I wonder?
Franglais:
North Sea oil and gas are more expensive to produce than many forms of green energy.
It will take longer to find and exploit new fields that it will to expand existing off shore wind farms etc.
Tory Alok Sharma
“rejects the idea that more North Sea gas would better protect the UK from any deliberate squeezing of supply by Russia. It comes after MPs who have established a ‘Net Zero Scrutiny Group’ call for the government to allow more drilling.”The current Chancellor has said that UK production will not significantly affect the price of oil and gas.
(I suppose he was excluding the chance of Nationalisation? Y`know actually use UK oil for the UK not international shareholders of international companies?)Why has former Shell employee Truss, supported in her campaign by ERG members, leader of a party in receipt of oil and gas funds jumped this way I wonder?
If electric is supposedly as cheap as you’re saying it is then Euroland would have long ago gone all electric instead of nicking our oil and gas and piping it in from Russia .There would also be no need for ‘carbon taxes’.
As for Truss if she was the real pro fossil fuel deal she would ditch the Paris Accord and stop all oil and gas exports and remove carbon tax and VAT on fuel.
Why do people always refer to Russia and Putin when this topic arises. At time of writing the price of oil has reverted back to pre-Ukraine conflict levels.
Then why are we still paying £2/ltr at the pumps then? You might ask.
Why should fuel companies reduce the price? We’re clearly happy to pay it. Like with most items contributing to our predicament, we’re obviously too soft to do anything about it.
Willy Biggs:
Why do people always refer to Russia and Putin when this topic arises. At time of writing the price of oil has reverted back to pre-Ukraine conflict levels.Then why are we still paying £2/ltr at the pumps then? You might ask.
Why should fuel companies reduce the price? We’re clearly happy to pay it. Like with most items contributing to our predicament, we’re obviously too soft to do anything about it.
Why blame the fuel companies when more than 50% of the price is made up of duty + carbon tax + 20% VAT.
A punitive tax regime, to make everyone go all electric at £1 per kWh, so that our oil and gas can be exported, because they’ve swallowed the climate scam, is what everyone voted for.
Carryfast:
As for Truss if she was the real pro fossil fuel deal
But she is “pro-fossil”
She`s even made a dinosaur her energy minister!
Franglais:
Carryfast:
As for Truss if she was the real pro fossil fuel dealBut she is “pro-fossil”
She`s even made one her energy minister!
I must have missed the immediate withdrawal from the Paris Accord and reversal of Boris’ energy policy of all electric for us at £1 per kWh so that Euroland and ‘developing countries’ can take our oil and gas.
Carryfast:
Willy Biggs:
Why do people always refer to Russia and Putin when this topic arises. At time of writing the price of oil has reverted back to pre-Ukraine conflict levels.Then why are we still paying £2/ltr at the pumps then? You might ask.
Why should fuel companies reduce the price? We’re clearly happy to pay it. Like with most items contributing to our predicament, we’re obviously too soft to do anything about it.
Why blame the fuel companies when more than 50% of the price is made up of duty + carbon tax + 20% VAT.
A punitive tax regime, to make everyone go all electric at £1 per kWh, so that our oil and gas can be exported, because they’ve swallowed the climate scam, is what everyone voted for.
I know. We’re pathetic.
Lots of U-turns going on, The EU is trying to source other suppliers than the USA, The EU stated they wouldn’t use US LNG as most of it comes from fracking which is banned across EU countries & has a reputation for being more polluting than Russian gas, It’s also exorbitantly more expensive than Russian gas but yet they’ve imported 15BCM so far this year. 
lancpudn:
Lots of U-turns going on, The EU is trying to source other suppliers than the USA, The EU stated they wouldn’t use US LNG as most of it comes from fracking which is banned across EU countries & has a reputation for being more polluting than Russian gas, It’s also exorbitantly more expensive than Russian gas but yet they’ve imported 15BCM so far this year.
If nuclear energy is the solution why would France even need to import fossil fuel in large amounts ?.Surely by now France would have long ago banned all domestic gas use at least.Every French home would have long ago gone all electric.While EVs would have been the default choice not diesel powered cars and trucks.It stinks worse than rotten eggs.
It went under my radar at first, but fracking is to be allowed again.
This is against a Manifesto promise by the Tories not to restart fracking unless the scientific advice changed.
It hasn`t.
Even smaller amounts of energy to be won here, affecting the global prices by only a mere smidgen, so we will be paying the same open market price here, whether or nor we have fracking here.
No real national advantage for us, as explained by both Starmer and Kwartang, but a chance for the international energy companies to extend their influence, and say “since these fields are now starting to work, why not continue them”. Another door to get their feet in.
Franglais:
It went under my radar at first, but fracking is to be allowed again.
This is against a Manifesto promise by the Tories not to restart fracking unless the scientific advice changed.
It hasn`t.Even smaller amounts of energy to be won here, affecting the global prices by only a mere smidgen, so we will be paying the same open market price here, whether or nor we have fracking here.
No real national advantage for us, as explained by both Starmer and Kwartang, but a chance for the international energy companies to extend their influence, and say “since these fields are now starting to work, why not continue them”. Another door to get their feet in.
This country is sitting on an ocean of gas and oil and a mountain of coal we don’t need fracking.
Bearing in mind that it’s the same government that has tied us to an unnaffordable all electric energy policy so that it can export our oil and gas resources.Under the pretext of the climate scam.
Including to France and French consumers who obviously prefer to use our gas rather than EDF nuke electric while telling us that we must stop using it.
Willy Biggs:
Why do people always refer to Russia and Putin when this topic arises. At time of writing the price of oil has reverted back to pre-Ukraine conflict levels.Then why are we still paying £2/ltr at the pumps then? You might ask.
Why should fuel companies reduce the price? We’re clearly happy to pay it. Like with most items contributing to our predicament, we’re obviously too soft to do anything about it.
the pound hasnt reverted back to pre ukraine conflict levels
chrisdalott:
Willy Biggs:
Why do people always refer to Russia and Putin when this topic arises. At time of writing the price of oil has reverted back to pre-Ukraine conflict levels.Then why are we still paying £2/ltr at the pumps then? You might ask.
Why should fuel companies reduce the price? We’re clearly happy to pay it. Like with most items contributing to our predicament, we’re obviously too soft to do anything about it.
the pound hasnt reverted back to pre ukraine conflict levels
Duty and carbon tax + VAT outweigh any fluctuations in the pound.
Also why sell our own oil to ourselves in dollars.Also why export it at all depleting our reserves and subjecting ourselves to world market prices.
If not telling us that we mustn’t use it to save the planet but it’s ok to export it all.
Carryfast:
chrisdalott:
Willy Biggs:
Why do people always refer to Russia and Putin when this topic arises. At time of writing the price of oil has reverted back to pre-Ukraine conflict levels.Then why are we still paying £2/ltr at the pumps then? You might ask.
Why should fuel companies reduce the price? We’re clearly happy to pay it. Like with most items contributing to our predicament, we’re obviously too soft to do anything about it.
the pound hasnt reverted back to pre ukraine conflict levels
Duty and carbon tax + VAT outweigh any fluctuations in the pound.
Also why sell our own oil to ourselves in dollars.Also why export it at all depleting our reserves and subjecting ourselves to world market prices.
If not telling us that we mustn’t use it to save the planet but it’s ok to export it all.
Good point.
Sounds like an argument to nationalise the energy sector. Take what we need to survive and prosper out of the hands of for profit international business.
Business has been useful to us, but Adam Smith is not a god (with or without any invisible hand), supply and demand, is not written in stone.
chrisdalott:
Willy Biggs:
Why do people always refer to Russia and Putin when this topic arises. At time of writing the price of oil has reverted back to pre-Ukraine conflict levels.Then why are we still paying £2/ltr at the pumps then? You might ask.
Why should fuel companies reduce the price? We’re clearly happy to pay it. Like with most items contributing to our predicament, we’re obviously too soft to do anything about it.
the pound hasnt reverted back to pre ukraine conflict levels
And nowhere at all near pre 2016 levels.
Doesn’t really matter. Look at all the myriad ways we’re being taken the ■■■■ out of and robbed from. And this idea that Russia and Putin is somehow in-line to take the blame, when barely even 3% of the oil/gas used in Britain comes from Russia (they say), ahead of our own, guilty as sin, special club lackeys who’re pretending to run this country, is a bit ridiculous.
Still, collectively we’ll believe pretty much anything… As the previous 50 years should demonstrate to anyone with a functioning brain. That’s the power of hypnosis for you.
Franglais:
Carryfast:
Duty and carbon tax + VAT outweigh any fluctuations in the pound.
Also why sell our own oil to ourselves in dollars.Also why export it at all depleting our reserves and subjecting ourselves to world market prices.
If not telling us that we mustn’t use it to save the planet but it’s ok to export it all.Good point.
Sounds like an argument to nationalise the energy sector. Take what we need to survive and prosper out of the hands of for profit international business.
Business has been useful to us, but Adam Smith is not a god (with or without any invisible hand), supply and demand, is not written in stone.
It doesn’t matter what it’s called so long as we have the climate scam elephant in the room being used as a pretext to stitch us up so that our oil and gas resources can all be exported.
That issue could easily be fixed under the status quo of oil companies.But with all the carbon taxes and duty and VAT removed and strict quotas if not a ban on exports of our North Sea resources.
That would obviously mean our withdrawal from the Paris Accord and shifting the duty and VAT burden onto income tax.
The truth is the climate scam, combined with regressive taxation, is predictably wrecking the economy and it is a big export scam robbing us of our resources.
In a similar way that the Irish starved because of food exports not because they couldn’t have chips or mash with their steak pies and apple pie and custard.
Carryfast:
It doesn’t matter what it’s called so long as we have the climate scam elephant in the room being used as a pretext to stitch us up so that our oil and gas resources can all be exported.
The UK oil and gas is sold on the open market, hence we pay “the going rate” for it.
Nothing at all to whether or not climate change is man-made or not… It is, but that isn`t relevant here.
It isn`t “our oil and gas” anymore because it has been sold to internationally owned, (allegiance to no-one) for profit, companies.
Those companies are now raking in extra profits that they have:
Not predicted
Not worked extra for
Done nothing extra to justify
But won`t be paying extra tax (windfall tax) on, just in case they go to that other North Sea to invest in…
So, why worry about investment(?) if we don`t actually gain from it?
Franglais:
Carryfast:
It doesn’t matter what it’s called so long as we have the climate scam elephant in the room being used as a pretext to stitch us up so that our oil and gas resources can all be exported.The UK oil and gas is sold on the open market, hence we pay “the going rate” for it.
Nothing at all to whether or not climate change is man-made or not… It is, but that isn`t relevant here.
It isn`t “our oil and gas” anymore because it has been sold to internationally owned, (allegiance to no-one) for profit, companies.
Those companies are now raking in extra profits that they have:
Not predicted
Not worked extra for
Done nothing extra to justifyBut won`t be paying extra tax (windfall tax) on, just in case they go to that other North Sea to invest in…
So, why worry about investment(?) if we don`t actually gain from it?
Remind me how much duty + carbon tax + 20% VAT adds to the ‘open market’ price of petrol at the pump.Or carbon tax + VAT on domestic gas.
Saudi seems to have managed to combine an ‘open market’ with ultra low domestic fuel prices.Bearing in mind that imported UK supplied oil and domestic gas products are often sold to the foreign end users at a lower price than we are paying at home for them.
Yes our oil and gas resources have been handed over to foreign interests just like Irish food production resources were.
How does your solution of windfall taxation added to carbon taxes and VAT fix that.
Bearing in mind that you want the stuff put beyond economic use to save the planet anyway, at least for us.So that France can take our gas reserves while putting its dangerous expensive nuke power stations here with a ready made captive market as a bonus.